apprenticeship training have longer job durations. In contrast, the larger the number of unemployment and employment spells, the …

This paper estimates the causal effect of long-term unemployment on wages. Job search theory implies that if … Unemployment Insurance (UI) extensions do not affect wages conditional on the month of unemployment exit, then reservation wages do … not bind on average. Then, UI extensions affect mean wages only through unemployment durations and are valid instrumental …

apprenticeship training have longer job durations. In contrast, the larger the number of unemployment and employment spells, the …